Subdued analyst reactions to Uzma contract win


PETALING JAYA: Uzma Bhd’s recent appointment as Petronas’ panel contractor to provide electric wireline logging services across the Pan Malaysia area received rather subdued reactions from analysts due to uncertainty in the contract’s earnings contribution.

Kenanga Research said although it was positive on the three-year contract award, it has not factored in any earnings contribution from the contract.

Limited time offer:
Just RM5 per month.

Monthly Plan

RM13.90/month
RM5/month

Billed as RM5/month for the 1st 6 months then RM13.90 thereafters.

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Business , Uzma Bhd - analysts

   

Next In Business News

S&P 500, Nasdaq poised for higher open as investors await inflation data
RF Acquisition II closes US$115mil IPO on Nasdaq
SC will develop framework on social exchange implementation
Genetec anticipates increasing demand for its automation solutions
Leon Fuat optimistic on long-term prospects
Maybank to launch white papers on net zero pathway for oil palm, power sectors
Favelle Favco hopeful for increased orders amid global recovery
Tex Cycle reports strong 1Q profit
Ringgit firmer against US dollar at the close
Fajarbaru gets RM15.71mil contract extension from Australian Department of Defence

Others Also Read